Buttercup Trading Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04564670 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

BUTTERCUP TRADING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

N Akhaveissy

SECRETARY:

D Dearing

REGISTERED OFFICE:

66 Newbegin

Hornsea

East Yorkshire

HU18 1AD

REGISTERED NUMBER:

04564670 (England and Wales)

ACCOUNTANTS:

Sowerby FRS LLP

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Intangible assets

2

37,734

42,046

Tangible assets

3

2,988

2,233

Investments

4

75

75

40,797

44,354

CURRENT ASSETS

Stocks

853

828

Debtors

188

194

1,041

1,022

CREDITORS

Amounts falling due within one year

38,915

44,745

NET CURRENT LIABILITIES

(37,874

)

(43,723

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,923

631

PROVISIONS FOR LIABILITIES

427

296

NET ASSETS

2,496

335

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

2,396

235

SHAREHOLDERS' FUNDS

2,496

335

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 20 November 2014 and were signed by:

N Akhaveissy - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Having regard to liquidity risk,current market conditions and other factors affecting the company,the use of the

going concern basis of accounting is appropriate as,in the opinion of the director,there are no material

uncertainties related to events or conditions that may cast significant doubt about the ability of the company to

continue as a going concern.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Preparation of consolidated financial statements

The financial statements contain information about Buttercup Trading Limited as an individual company and do

not contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

86,249

AMORTISATION

At 1 April 2013

44,203

Amortisation for year

4,312

At 31 March 2014

48,515

NET BOOK VALUE

At 31 March 2014

37,734

At 31 March 2013

42,046

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

21,964

Additions

2,248

At 31 March 2014

24,212

DEPRECIATION

At 1 April 2013

19,731

Charge for year

1,493

At 31 March 2014

21,224

NET BOOK VALUE

At 31 March 2014

2,988

At 31 March 2013

2,233

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2013

and 31 March 2014

75

NET BOOK VALUE

At 31 March 2014

75

At 31 March 2013

75

The company's investments at the balance sheet date in the share capital of companies include the following:

Keymine Ltd

Nature of business: Catering

%

Class of shares:

holding

Ordinary

75.00

2014

2013

£

£

Aggregate capital and reserves

(100,953

)

(113,798

)

Profit for the year

12,845

11,925

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES